Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) based on crypto tokens other than bitcoin. “I think it’s inevitable that there’ll be multiple ETFs around different tokens,” he stressed, noting that Ripple would welcome an XRP ETF. “In my opinion, it makes these markets […] Original
Arbitrum, the cryptocurrency network designed as a scalability solution for the Ethereum blockchain, has recently experienced a notable price correction, resulting in a drop in its native token, ARB. Over the past 24 hours, the token’s value dipped to $1.84, marking a retracement of 5%. As February draws to a close, attention is now turning to the potential downside price action expected in March as a substantial number of ARB tokens are set to be unlocked. Major Unlock Event Looms For Arbitrum According to a recent announcement on X (formerly…
Analysts at Pantera Capital see a half-trillion-dollar opportunity in bringing decentralized finance to Bitcoin, potentially making Bitcoin-based decentralized apps top assets in crypto. Pantera Capital analysts have identified a significant opportunity worth over half a trillion dollars in bringing decentralized finance (defi) to the Bitcoin blockchain, potentially positioning Bitcoin-based decentralized applications as leading assets in the crypto space. In a recent email newsletter, Pantera Capital highlighted the potential for Bitcoin to accumulate $450 billion in liquidity through defi projects, particularly if they achieve similar market shares as those that can…
The recent market rally has shown positive signals for many cryptocurrencies and has filled investors with optimistic expectations for the near future. Ignited by the ongoing Bitcoin Exchange-traded Fund (ETF) frenzy, whale accumulation, and meaningful updates from different projects, the market has shown significant growth during the first two months of 2024. Memecoins Face Pullback Despite Growing Market In the last week, Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, have met important milestones that have set the tone for the general market. BTC surpassed the $50,000 resistance…
Fundstrat’s head of research, Tom Lee, has doubled down on his $150,000 bitcoin price prediction, stating that the crypto could reach that price level this year. He cited three key reasons driving his bullish price forecast. Describing bitcoin as “sound money,” he emphasized that the cryptocurrency is incredibly secure and proving to be a good […] Original
In recent on-chain data from Spot On Chain, an Ethereum whale appears to have engaged in significant accumulation activity, sparking interest and speculation within the ETH community. According to the platform, the whale address in question has purchased a total of 64,501 ETH in the past three days, amounting to roughly $187 million at current market prices, Ethereum Whale Accumulation Spot On Chain reported that earlier today, the whale acquired approximately 13,526 ETH at an average price of $2,947 per ETH. This accumulation, valued at over $39 million, adds to the…
How does the approval of the first BTC spot ETF shed light on the challenges facing an XRP ETF? Amid the prevailing bullish sentiment in the market, a significant development has ignited anticipation and debate: the possibility of a Ripple (XRP) exchange-traded fund (ETF) entering the fray. At the center of this discourse lies Ripple CEO Brad Garlinghouse’s recent interview with Bloomberg on Feb. 20. During the interview, Garlinghouse conveyed cautious optimism regarding the prospect of an XRP ETF. While he expressed openness to the idea, he stopped short of…
The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000. After hitting this level, the cryptocurrency faced notable declines in its value. However, a crypto analyst has predicted that the price might continue to surge, highlighting the enduring strength of Bitcoin’s upward momentum. BTC Price Needs To Hold Steady Despite the recent bearish trends seen in the last few days, a prominent crypto analyst, Michael van de Poppe, has maintained an optimistic outlook on Bitcoin’s price. Sharing a BTC price chart, the crypto analyst emphasized…
Gauntlet is a key player in decentralized finance (DeFi), its risk management services used by several of the largest crypto protocols and DAOs. Gauntlet served as a “Risk Steward” for Aave, which involved overseeing the platform’s risk levels, providing regular updates to the Aave community, and manually setting certain lending and borrowing parameters. Morrow said in his post that Gauntlet would begin “working with other contributors to find a replacement” Risk Steward so as not to leave the DAO high-and-dry. Source
Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative way.” The Nigerian Currency’s Woes Some Nigerian users of Binance’s peer-to-peer (P2P) platform have […] Source